Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Employee conflict disclosures and investment restrictions expand with new recusal duties, post-employment limits, and compliance reporting requirement...
The HC dismissed the challenge to the cancellation of the applicant's GST registration for default in filing returns and non-response to the show-cause notice, but granted limited relief. The court directed Respondent No. 3 (Superintendent of Taxes) to furnish the applicant with particulars of all outstanding statutory dues attributable to the applicant's trade till the date of cancellation, and to specify any penalty or fine exigible as at the date of any restoration of registration, thereby enabling discharge of liabilities under the CGST regime. The order preserves tax liability despite cancellation and facilitates quantification and payment; the writ petition stands disposed.
The HC dismissed the challenge to the cancellation of the applicant's GST registration for default in filing returns and non-response to the show-cause notice, but granted limited relief. The court directed Respondent No. 3 (Superintendent of Taxes) to furnish the applicant with particulars of all outstanding statutory dues attributable to the applicant's trade till the date of cancellation, and to specify any penalty or fine exigible as at the date of any restoration of registration, thereby enabling discharge of liabilities under the CGST regime. The order preserves tax liability despite cancellation and facilitates quantification and payment; the writ petition stands disposed.
Note: It is a system-generated summary and is for quick reference only.